The seller wanted to sue the investor/realtor for assigning the home to someone who ended up causing $15k damage, and the buyer wanted to sue the investor/realtor for the $15k assignment fee they paid about a year before the deal fell apart, even though they failed in their obligation to the seller and trashed the house.Long story short, both the seller and the buyer's attorney's ended up threatening the managing broker of the investor with a lawsuit after they both tried "legally extorting" a collective $30k from the investor/realtor unsuccessfully, and the managing broker started to panic as well, which also had a negative impact on the investor/realtor too.So here's the moral of the story:1.

You really need to think this through, figure out your plan, and decide if you are morally good with lies and deception.

And if not what's the proper way to go about it morally and ethically correct?

If you find out there's a problem you'll be at least morally obligated to fix or disclose it, neither which will net you another penny.Your plumber works with homeowners more than flippers so the advice, though good, doesn't apply to you.

However, when it comes  to all the red-tape involved with retirement accounts, better safe than sorry is the best motto.So the moral of the story is to ensure that you don't eat up 90% of your IRA funds on a down payment and closing costs.

By the way - I also find it morally disturbing - to ask an owner to leave.

The moral of the story get structured first for tax reasons too.

Many ignore the issue and have no intention of operating morally and ethically.

I want to do things, morally, ethically, and legally right.  

Moral of the story-- I vote buy the investment property.